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Plywood News

Plywood Companies Merge

Augusta, Georgia, Dec. 3l-Owen R'. Cheatl.ram, president of Georgia-Pacific Plyrvood & Lumber Co., today announced the merger of two of the company's subsidiarl' units, thus simplifying Georgia-Pacific's corporate structure and operating activities.

Under the terms of the merger agreement, approved toclay by the stockholders of the subsidiary companies, Bellingham Plywood Company, a rvholly owned subsidiarv company, rvas merged into Washington Veneer Company in exchange for 30,000 shares of the latter company's common stock, giving Georgia-Pacific an approximate twothircls direct orvnership in the enlarged Washington Veneer Company.

With tl-re successful consummation of these procedures Washington Veneer nolv owns and operates directly ancl through Springfield Plywood Corporation its 60% owned subsidiary, four plywood manufacturing plants in Washington and Oregon-two of these at Olympia, one at Bellingham and one at Springfield. These plants have a combined anntral capacity of approximately 275,N0'000 square feet.

The advantages resulting from the rnerger are more efficient operation of the plants through interchange of logs, timber supply, ancl personnel, together rvith economies in centralization of uranagement and elimination of duplication of efforts llecessary under separate corporate activities. Three of the four plants are located on tidervater, affording both u'ater an<l rail transportation facilities'

Portlcrnd Plywood Plcrnt Starts

The Portland Plyrvood Corporatior, has started prodttction ,at its nerv ancl highly modern plywood plant in Portland, Oregon. The estimated production is three million feet monthl.v, and a cre\v of about trvo httndrcd men u'ill be emploved.

Story of cr House

Starting February l, a 30-minttte color lrtotiou pictttre "Story of a Hottse" rvill be distributed nationally through department stores. Featuring \\reldrvoocl plyu'ood ancl N{engel Flush l)oors, products of United States Plyrvood Corporation, the film contains practical suggestions concerning insulation and heating, and the beautifving trses of paints and decorative woods such as plylvood' It also demonstrates ho$' color ancl utility are combined in the bath and kitchen and emphasizes the use of labor-savir"rg devices such as laundrv units, dryers and ironers' of the 439 timber in the ton, over 331 2U' in diarn. billion board feet of available mercirantable Douglas fir region of Oregon and Washingbillion feet are old grolvth or in trees over at breast height'